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Post by henrycpa on Jan 20, 2024 9:02:44 GMT -5
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Post by nickys on Jan 20, 2024 9:39:31 GMT -5
There’s very little new in that article. It even says that all the projects that Brayden mentions as being halted were actually announced as being “on hold” by Chapek in 2022. So all Brayden has really done is summarised old news.
The statements about Imagineering and the Resort refurbs are known from who left and who’s been hired. It isn’t privileged information.
So the most interesting part are the quotes from Brayden’s sources shedding light on the thinking of the Disney execs at Orlando. None of which can be confirmed.
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Post by dlwdwdvc on Jan 20, 2024 9:57:02 GMT -5
It is still an interesting article to read .
Disney is making decisions that make me think twice about personally buying into “more” Disney and not just talking about DVC .
And not comparing it to the Epic Universe arriving.
I would be disappointed if Disney , once again expects us to piggyback a trip to WDW because of our plans at USO..
Disney is playing the game that allows almost any company to set up shop if they are willing to pay for the privilege…
What will they do when the day arrives that Disney does not own the Hospitality Crown because of these decisions?
Unless they just decide to sell off Disney to foreign investors … Definitely do not want that to ever happen .
The announcements and comparison are important .
It is imperative that we pay attention to those little details we think we know already but can easily turn into a big problem for the future of Disney .
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Post by nickys on Jan 20, 2024 10:37:07 GMT -5
Disney recently announced an investment of $60bn in parks worldwide.
Previously they’d said $17bn specifically for WDW. I assume that comes out of the $60bn figure.
Personally I don’t think that investment amounts to nothing. And I know they’ve threatened to cut it in their ongoing legal battle, but ultimately I feel sure that the money will be spent.
I also think that AK desperately needs the investment already announced, the ITTBAB and Dino overlays. I have no idea how much that will cost. But it seems like the future plans for MK are taking a step forward, albeit not as extensive as the blue sky thinking teased at D23. WDW plans are always in flux, with some really disappointing decisions sometimes. Plus they take so long to come to fruition. It’s frustrating for sure, but a good reason not to get too invested in any one particular proposed development - disappointment might be round just round the corner.
Equally though I’m waiting impatiently to see what is confirmed for DLP. A classic example of where I got too excited for Galaxy’s Edge, only for it to be cancelled - unofficially.
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Post by henrycpa on Jan 20, 2024 19:11:40 GMT -5
Disney recently announced an investment of $60bn in parks worldwide. I think where the comparison is diff is Universal seems to be building whole new parks. Disney is not. And they are not keeping up in their existing parks. |
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Post by johnb on Jan 20, 2024 20:19:57 GMT -5
Disney recently announced an investment of $60bn in parks worldwide. I think where the comparison is diff is Universal seems to be building whole new parks. Disney is not. And they are not keeping up in their existing parks. Too much unused space (like the Stitch/Alien Encounter space); too much down time on the big attractions. I can't remember the last time that something big was not down at rope drop. |
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Post by baymaxfan on Jan 20, 2024 23:46:13 GMT -5
Disney recently announced an investment of $60bn in parks worldwide. I think where the comparison is diff is Universal seems to be building whole new parks. Disney is not. And they are not keeping up in their existing parks. While I 100% agree that Disney should do better upkeep and fill in the empty spaces to maximize the parks they have, I don’t believe building a 5th gate brings more people to Disney. Opening new attractions does, and they can do that in the space they have and I wish they would do that. Opening a 5th gate, however, would likely just steal attendance from the other parks. They might get the short stay people to stay one extra day for the new park. If you are going for 5 days or more, you probably won’t extend the length of the vacation. You’ll just allocate your park days differently. |
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Post by dopeyrunr on Jan 21, 2024 9:32:43 GMT -5
Disney recently announced an investment of $60bn in parks worldwide. The headline is a lot more exciting than the reality. Here's the full quote: "The Walt Disney Company is developing plans to accelerate and expand investment in its Parks, Experiences and Products segment to nearly double capital expenditures over the course of approximately 10 years to roughly $60 billion, including by investing in expanding and enhancing domestic and international parks and cruise line capacity." $6 billion a year in capital expenditures spread out over all Disney Parks and their cruise line doesn't translate into a massive influx of expansion in Orlando. |
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Post by nickys on Jan 21, 2024 9:50:39 GMT -5
Disney recently announced an investment of $60bn in parks worldwide. The headline is a lot more exciting than the reality. Here's the full quote: "The Walt Disney Company is developing plans to accelerate and expand investment in its Parks, Experiences and Products segment to nearly double capital expenditures over the course of approximately 10 years to roughly $60 billion, including by investing in expanding and enhancing domestic and international parks and cruise line capacity." $6 billion a year in capital expenditures spread out over all Disney Parks and their cruise line doesn't translate into a massive influx of expansion in Orlando. Was the $17bn for Orlando also over 10 years? I still think doubling the planned investment is significant, even if it is over 10 years. I expect the expenditure will come in chunks rather than linear amounts though. For example, after DLP finish the lake and Arendelle, plus the Tangled mini land in the Studios, I expect them to start on the second major expansion land. Plus hopefully one new ride. Their money will probably come in 2 chunks. At WDW the AK changes will be one big chunk, with another project after. DCL have 2 new ships yet to sail. If they go for a further one or two, the cost isn’t linear. So whilst $6bn a year doesn’t sound much shared out, in effect it’s a few $bn to one park this year, to DCL another year etc. |
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Post by helenabear on Jan 21, 2024 10:21:20 GMT -5
The headline is a lot more exciting than the reality. Here's the full quote: "The Walt Disney Company is developing plans to accelerate and expand investment in its Parks, Experiences and Products segment to nearly double capital expenditures over the course of approximately 10 years to roughly $60 billion, including by investing in expanding and enhancing domestic and international parks and cruise line capacity." $6 billion a year in capital expenditures spread out over all Disney Parks and their cruise line doesn't translate into a massive influx of expansion in Orlando. Was the $17bn for Orlando also over 10 years? I still think doubling the planned investment is significant, even if it is over 10 years. I expect the expenditure will come in chunks rather than linear amounts though. For example, after DLP finish the lake and Arendelle, plus the Tangled mini land in the Studios, I expect them to start on the second major expansion land. Plus hopefully one new ride. Their money will probably come in 2 chunks. At WDW the AK changes will be one big chunk, with another project after. DCL have 2 new ships yet to sail. If they go for a further one or two, the cost isn’t linear. So whilst $6bn a year doesn’t sound much shared out, in effect it’s a few $bn to one park this year, to DCL another year etc. $17B invested in WDW. Some of that will be jobs up to 13k more direct jobs. It was extremely vague in what they meant by investing $17B though. Given costs to build rides now, I don't think that money will go as far as people think. $1.7B a year doesn't sound near as impressive when rides like Tron cost $500k and SSE would have been $2.5B adjusted for inflation. |
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Post by dopeyrunr on Jan 21, 2024 11:17:11 GMT -5
Was the $17bn for Orlando also over 10 years? I still think doubling the planned investment is significant, even if it is over 10 years. I expect the expenditure will come in chunks rather than linear amounts though. For example, after DLP finish the lake and Arendelle, plus the Tangled mini land in the Studios, I expect them to start on the second major expansion land. Plus hopefully one new ride. Their money will probably come in 2 chunks. At WDW the AK changes will be one big chunk, with another project after. DCL have 2 new ships yet to sail. If they go for a further one or two, the cost isn’t linear. So whilst $6bn a year doesn’t sound much shared out, in effect it’s a few $bn to one park this year, to DCL another year etc. $17B invested in WDW. Some of that will be jobs up to 13k more direct jobs. It was extremely vague in what they meant by investing $17B though. Given costs to build rides now, I don't think that money will go as far as people think. $1.7B a year doesn't sound near as impressive when rides like Tron cost $500k and SSE would have been $2.5B adjusted for inflation. And bear in mind that that the purchasing power of $1.7 billion ten years from now is a lot less than the purchasing power of $1.7 billion today. According to Chat GPT: "The future purchasing power of $1.7 billion ten years from now, considering an annual inflation rate of 3%, is approximately $1.365 billion. Inflation erodes the value of money over time, leading to a decrease in purchasing power." |
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Post by Adelard of Bath on Jan 21, 2024 11:43:41 GMT -5
I have a pessimistic view of bean-counters and PR-speak. Some might say "realistic", who knows. One might note that they use words like "developing plans to ... expand investment" and other vague phrases that can easily translate to: "Maybe we will, maybe we won't, we are considering our options, but it could be as much as THIS impressive number!"
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Post by helenabear on Jan 21, 2024 13:01:18 GMT -5
The last two comments hit on two reasons why I didn't find that news to be impressive. It sounds good but taking into consideration the realities of it all, it's not sll that impressive to me in the end.
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Post by tomandrobin on Jan 22, 2024 8:35:34 GMT -5
Nothing new in the article. I have been posting the same/similar messaging since the pandemic.
That 60 billion "investment" is a joke.....its just a PR piece to make it sound like Disney is doing something. Of that 60 billion, $6 billion is for the three new cruise ships, not counting the Wish.
That leaves $54 billion, over ten years. Disney have 12 theme Parks and 2 water parks. $5.4 billion per year, divided by 12 parks is 450m per theme park per year. If the $17B number is true, that is $1.7B per year at WDW or $425m per theme park per year. Part of those numbers is the completion of current projects and renovations of existing attractions. Part of that $17B is the $$$ being spent on DVC resorts being built or to be built......they aren't cheap. Part is normal Hotel refurb expenses.
Currently, Disney is building no new rides, no new parks, no new attractions. All they have done is shared some "possible" expansions and additions.
Disney has major debt problems. Lots of divisions are making little or no money at all. The theme parks are Disney's "Cash Cow" and they are milking them for everything they can to pay for everything else.
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Post by nickys on Jan 22, 2024 8:57:07 GMT -5
Currently, Disney is building no new rides, no new parks, no new attractions. All they have done is shared some "possible" expansions and additions.
In the US parks perhaps. But at DLP building is underway. The Studios expansion is active with a lake being dug out, two lands and one that is to be confirmed wrt theme but definitely happening. And I think Tokyo has more happening now. |
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